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beijing benefited from the games legacy. the father of the 18th winehouse -- of amy winehouse leads the tribute to his daughter at her funeral. >> tens of thousands of people have been forced to free their -- flee their homes due to a tropical storm. many are missing. daniel has the story. >> shelter from the storm. safe now, rescued from the floods that hit the philippines. but there are many more, bridges and towns under water. half of a million people have been affected. these are the worst floods in years. look at them now, getting through to safety is a difficult journey. now they have only what they can carry with them. they are the only way to reach those stranded by the floodwaters. 1/2 she is safe. so is he. what about the others? we have nowhere to run to. so we are just on the street. not allowed to go down the road because the water level was to buy. the storm has not passed yet. more rain and misery over the coming days. nature has blessed them with nothing. >> three days of national mourning have been declared for the 78 people killed when a military plane crashed in t
to come on the program with, the london olympics exactly a year away, we look at how beijing has benefited from the game's legacy. >> and amy winehouse's father leads the tributes to his angel daughter, as family and friends attend the singer's funeral. >> e7bs of thousands of people have been -- 2e7bs of thousands of people have been forced to flee their homes after a tropical storm. at least nine people have thought to have died and many more are missing. >> shelter from the storm. she's safe now, rescued from the floods that have hit the philippines. but there are many more. villages and towns underwater. half a million people here have been affected. these are the worst floods in this region for years. once these were streets. but look at them now. getting through this to safety is a difficult journey. these people never had much. now they just have what they can carry with them. the governments launched a major rescue operation. these boats are the only way to reach those stranded by the floodwaters. she's safe. so is he. but what about the others? we had nowhere to run to, says nancy
between beijing and shanghai. more than 20 trains had been delayed. the cause of the incident has not been disclosed. the high speed service between beijing and shanghai become operating on july 30th but has en plagued with problems. strong winds caused transmission lines to short circuit. another had trains fail to start. using technologying provided by japan, germany and others are behind the problems. observers say the delays shortly after the fatal accident is likely to fuel concerns about the safety of china's bullet trains. china's aggressively expanding its railways to serve its rapidly growing economy. >> reporter: the high speed section between beijing and shanghai was opened on june 30th. the chinese government has pushed the railway project forward very quickly. it sees high speed rail as a way to close the economic gap between rich coastal areas and inland areas and keep the economy growing. china launched its first high speed train service in 2007 ready for the beijing olympics the following year. >> translator: it's so comfortable. it doesn't feel like a train. >> reporter: a
miles southeast of beijing. it's over 26 miles long, that's 2 1/2 miles longer by the way than the causeway over ponchartrain in louisiana, for those keeping score at home. and the estimated cost, at least $1.5 billion. this bridge is part of the government's effort to deal with serious traffic congestion in a nation that, of course, has more people than any other area in the world. another area where china has rocketed ahead is high-paid rail. they unveiled a new system today, beijing to shanghai, 800 miles in about five hours, less time than it takes to fly from new york to l.a. for china, high-speed rail is what the interstate highway system was to the u.s. back in the 1950s, which raises again the question, when it comes to trains, why is america home of the iron horse and the golden spike still on the slow track. we have a report from nbc's adrian mong who rolled the rails from beijing. >> reporter: it's smoother, sleeker, greener than a jet plane. the harmony express, clocking 187 miles an hour, connecting the chinese capital of beijing to shanghai in just under five hour
disclosed. xinhua says an investigation is under way. e high-speed service between beijing and shanghai reaching 300 kilometers per hour began erinju 3hut h been plagued with problems. in one case, strong winds caused transmission lines to short circuit. inanother, trains failed to start. the rushed construction of 1300 kiloters of railway and the use of different types of carriages using tecolie ovedyjapan, germany and other countries are behind the problems. obrvers say e delays shortly after the fatal accident on the ghpeed network is likely to fuel concern about the safety of china's bullet trains. china's aggressively expanding its high-speed railways to serve its rapidly growing economy. >> reporter: the high-speed section betweeneingnd shanghai was opened on june 30th, the day before the communist party's 90th anniversary. the chinese government has pushed the railway project forward very quickly. it sees ghpeed rail as a way to close the economic gap between rich coastal areas and poor inland areas and keep the economy growing. china launched its first high-speed train service i
in an attempt to cool things down. here is the report from beijing. >> the figures were better than expected. the world's second-largest economy continues to grow at a remarkable rate. beijing is keen to deliver an upbeat message. >> if you look to the recent situation and prospects of the near future, there's still a strong driving force behind the chinese economy. the possibility of the economy dropping sharply is very low. >> in the long term, some question the sustainability of china's economy. >> my belief is that beijing understands it, and that probably in the next two to three years, they are going to take steps to bring the dead growth down, which means bringing investment down. which also means bringing gdp growth rates down significantly. >> for these latest gdp figures, there will give beijing room to tackle inflation. currently is at a three-year high. food prices have risen by more than 10% in the last 12 months. in a country where millions spent more than half their income on food, high prices could trigger social unrest. why does the house the chinese economy matter to the re
. they literally no. of gucci bags you can buy at one time because there's so much money flowing in beijing and shanghai. what do you say about that restlessness that, over time -- assuming that the political environment remains stable -- that is a big assumption. >> i probably have a different point of view. speaking, china has had a strong civilization for thousands of year. i believe they think this is a return to what is the norm for them. there was a time when there were relatively weak compared to the west. that was an abnormal time. i feel that the people are coming in general, even the ones who are less wealthy, are proud of the country and they are willing to go along with the program that the government has basically led them along. i see an amazing peaceful coexistence. i have been living in china for the last couple of months. you walk dowthe street and people's lives have not changed for a hundred years. they cook outside and live in an apartment. yes, there is a restlessness, but i think they feel that the country is on a basic course to help lift up the people, that the level
its people to see transformers 3, at least not yet. can you bl elf it in beijing has imposed a moratorium on new foreign films. for almost a month, no new blockbusters produced outside china have been released in china. why? instead of transformers or harry potter, beijing really wants its people to watch something else, something quite different. the beginning of the great revival released last month, an extravagantly produced state sponsored propaganda movie, which cost a fortune to make by chinese standards. the film claims to have a cost of more than 100 top chinese actors playing an array of historical characters. among them chairman mao and while that might lieu in female all the yens, the real message isn't about love, but about politics. the film is a -- released to honor the 90th anniversary of the party's founding. it describes the influence as going down a path of ethnic independence, liberation, national wealth and strength. no mention of the great leap forward, the famine, the cultural revolution, or of course tiananmen square. the chinese communist party has mad
that actually be welcome news for the world's second largest economy? we'll have more on that live from beijing in just a minute. >>> this is "world business today" on cnn. welcome back to the show. >>> china's economy is still expanding at a faster pace than that of just about any other nation. but in the face of weaker global demand for chinese goods and other factors, china's growth rate cooled down just a little bit for the second quarter in a row. joining me now with more details is eunice eun from cnn beijing. eunice, we say cooling down, and it put that in quotes, but put that into perspective for us. >> pauline, like you said, these are very strong numbers. the chinese economy grew at 9.5% in the second quarter. that's slightly slower than the first quarter's 9.7%. it's still enviable growth. at the same time causing headaches here. wen jiabao said fighting inflation is the top priority, same he wants to avoid big swings in the economy brought on by tighter policy. the tightening policy has been feeding concerns here of a hard landing. complicating matters at the same time are concerns
. stan grant joins us from beijing with a closer look at the olympic legacy there. it was quite spectacular. being someone who comes from london, stan, i worry, can we match up? >> reporter: every olympics is spectacular in their own way, manisha. they all have their own way. london is having it for the third time. for beijing it was the first time. while it all came off successfully they spent a lot of money on it and had to answer a lot of questions. >> reporter: the eyes of the world were fixed right here. this is the fabled bird easinessed, the stadium of the beijing olympics, a place of dreams that now hold so many memories, and four years later, the people are still coming. it's a memory that will last forever, he says. it made china greater and stronger. on giant screens around the stadium, those magical moments live on. the grand opening ceremony, the lighting of the caldron and those extraordinary athletes. >> the olympics brings you everything. there's great passion. there's great tragedy. there's a real sense that the world comes together. >> tracey holmes is a sports
. that's on the back of the dismal jobs rofrmt and yet another inflation rise in china. despite beijing's continued efforts to cool down price rises, especially food prices, china soared, so banking stocks slid across the region on worries about debt and also the european debt crisis, how that could spread to italy. in japan, a strengthening yen. you just saw the dollar yen skpancht it hurt exporters and automakers lost ground there. meanwhile in sydney, the investors absorbed a carbon tax plan. we'll have more on that in a few minutes. also the cam bonian stock exchange, this is interesting news, they have launched their operation this week, preparing for its official opening in december. meanwhile nestle of switzerland is preparing to sweeten its situation by acquiring a chinese company that makes baked goods and a popular cereal bar. it's worth $1.47 before. if approved the brothers will retain the remaining 47% of the company. >>> let's take a look at the futures in the u.s. the major stock markets look set for a lower open right now when the trading week gets under way. you can see
's second-largest economy continues to grow at a remarkable rate. beijing is keen to deliver an upbeat message. >> if you look at the recent situation and prospects in their future, there is still a strong driving force. the possibility of the economy dropping sharply is very low. >> growth is beginning to slow. some question the sustainability of the chinese economy. >> my belief is that beijing understands this and probably in the next two-three years, they will take steps to bring growth down, which means bringing investment down which also means bringing gdp growth rates down significantly. >> these latest figures will give beijing room to tackle inflation. there currently at a three-year high. prices have risen more than 10% in the last 12 months. in a country where millions spend more half of their income on food, i prices could triple social unrest. -- high prices could trigger social unrest. china has been the main driver of global growth plan to the feared it is that if there was a substantial slowdown, then it would be felt by economies around the world. >> muammar gaddafi's
middle school i school in beijing. this is one of the highest in the world. only the highest achievement is expected. the academic work load is intense. all day classes, six days a week. first i first came here and i wanted to return with my young staffers and dr. west. good afternoon. i am delighted to be back in beijing. thank you for welcoming us for a second time. i would like to do basically what we did the first time i came. i would like the students to ask us some questions as a group. came with me.m they would like to ask that you and your culture. applied to ask a good friend of mine to share some thoughts and reflections. this is is first trip to china. -- i would like to ask a good friend of mine to share some thoughts. he used to be a professor at harvard. now, he is a professor at princeton. his name is cornell west -- his name is dr. cornel west. we will have some dialogue and see if we can have a good conversation. please welcome, professor west. [applause] >> let me say that i am blessed to be here. each one of you are precious and priceless. what that means is that you a
is somewhat faltering, as well as beijing's attempt to curb inflation. let's take a look at the markets, starting with asia. in general, the markets are advancing. this is a big but -- mixed aboard but in general they advanced. investors took heart from the approval of of of harsh austerity measures required to receive further emergency loans. at oil prices dipped and china, as i mentioned, reporting the manufacturing numbers are slightly disappointing. a quick look at european markets -- of course, everybody's still breathing that a sigh of relief. banks are in focus of the back of the french and german bank proposals. and we should know more on that next week. that is it for business right now. >> you packed a lot in. and we are going to go back to china. you talked about a cooling of the economy. well, china today is marked the 90th anniversary of the founding of the communist party. amid this of congratulation, president hu jintao deliver a blunt warning to comrades -- corruption, he says, could cost the support and trust of the people. he was speaking to thousands of party members
you. [captioning made possible by kcet public television] tavis: this is the view of beijing from the roof of the microsoft campus. this is second only to their headquarters. the big cities are already jammed and in the next 10 years, they expect the largest internal migration in history there is a downside to all of this gallup and growth and you can see it, a thicket ago, bikes dominated the streets. today, everyone would like a car. -- a decade ago, bikes dominated the streets. the government has limited car ownership but in that edict might be too little, too late. the growth model could derail all of the economic gains of the past two decades. and this is a part in the heart of shanghai. three years ago, this is little more than an urban jump that was left behind when the world expo site was left behind and gutted. kongjian yu is the founder of turenscape, one of the most acclaimed design firms. he is an advocate for environmental sustainability and was brought in literally to change the landscape. >> every contaminated water and soil. in china, 75% of the water. all of the m
for rare metals is in line with wto rules. >>> in beijing, an accident involving a subway station escalator has killed one person and injured 28 others. china's official news agency xinhua says the accident occurred on tuesday morning at an escalator leading to an exit of beijing zoo station. the agency says the escalator suddenly started moving downward, causing people to fall over one another, killing a 13-year-old boy. the boy was on his way to the zoo with his father, who was taken to hospital with serious back injuries. the incident comes amid a subway construction boom in beijing. five new subway lines opened in the capital last year alone. >>> the european union has banned imports of some seeds from egypt linking them to the recent e. coli outbreaks in germany and france. the european food safety authority said on tuesday it will temporarily ban imports of certain types of seeds from egypt until the end of october. all egyptian seeds imported from 2009 will be recalled and discarded. officials said one batch of penugreek seeds is highly likely to have caused the outbreak of the deadl
in china. beijing has lock blocked facebook as well as twitter but all the while allowing local social networking rivals who thrive and continue operating inside the mainland which is of course the world's largest internet market. just under 500 million internet users. back to the story from business insider, nothing confirmed yet. there's lot of buzz about it. no one is talking about it but it's getting us talking about it. >> i want to ask you something else. notice a lot of things aren't trading today because of the holiday but currencies are the tiebot is getting a lot of talk because the first female prime minister, her older brother was the prime minister there until 2006. milita military coup pretty much ended his time in office. there was an exile. fierce that she's another version of him. the bot rose more than a dollar -- 1% against the dollar when markets opened this morning. outperforming other asian currencies. i'm assuming those two things are linked. i'm assuming this is seen as positive and that's why the currency is higher? >> it has everything to do with the nature of
. the professor of beijing transport university made the remark in an interview with nhk on tuesday. he indicated the signal system could be affected by lightning and other weather conditions. >> translator: the country needs to review its railway policies and discuss the cause of the latest accident. >> zou has been critical of the construction of the high-speed railway and his comments widely reported by the chinese media. >>> markets here in tokyo are open, so ai uchida joins us with the latest. >> let's start thachks with a look at the currency markets. on the new york foreign exchange, the dollar dropped to the upper 77 yen range on tuesday on concerns over a lack of progress in u.s. debt talks. investors sought the safety of the yen with only one week left until the august 2nd deadline for raising the federal debt limit. at one point, the dollar dipped to 77.83 yen. that marks the lowest level in about four months since march 17th following the earthquake in northeastern japan. taking a look at tokyo markets, right now, the greenback is trading at 77.98 to 78 yen. now on the other hand, the
to work closely on their normalization of diplomatic ties next year. they met in beijing on monday. she said bilateral ties in the civilian sector have been remarkably successful and said he views them as a treasure. he also said china and japan complement each other economically and share a desire to build peace and stability in the region. matsamoto says he thinks personal exchanges are important for nurturing ties, particularly among young people. he also says he expects the two countries to work together towards that goal. shu replied it's important to strengthen dies between the new nations and deal appropriately with sensitive matters. the crew of atlantis has arrived in florida to prepare for the final space shuttle mission. the four member crew came by plane from the johnson space center in texas on monday. liftoff is scheduled for 11:26 a.m. on friday. >> we are just delighted to be here after a very arduous nine-month training flow, we're happy to be here for launch week. >> when it's all over, i think i speak again for everyone when i say we'll be very proud to put the right-
feelings were on display after meeting of senior chinese and u.s. military officials in beijing on monday. china condemned the united states for getting involved in an asian matter. junpei yoshioka has the story. >> reporter: met welcome mike mullen chairman of the u.s. joints chiefs of staff on monday. at the joint press conference, chen expressed displeasure that the united states was seeking to get involved in territorial disputes between asian nations. >> translator: although the u.s. side has many times expressed it would not intervene in disputes over the south china sea, it's in fact clearly sending the opposite signal to the world. it carried out joint military exercises with vietnam an the philippines. although this is not the first time it was extremely inappropriate to do it at this time. >> reporter: the remark drew a sharp response from mullen. >> the united states has had a presence in the asia pacific region for decades. and we've exercised with our allies and friends in this part of the world for decades. and we will continue to do that. >> reporter: on the south china sea
beijing. time has just flown by . >> been there, done that, one the metals, what kind of pressure on you personally to repeat what you did in 2008? >> i do not feel that much pressure to repeat that. i already achieved my personal dreams and goals. going back to the olympics for me would be more of a personal goal. i am not trying to put any additional pressure on myself or to take their pressure from anyone else. something that has been my passion for so many years since i was 3 years old -- it is important that that does have to come from your heart. you cannot have any other motivation than passion. >> what about the women's team? are they looking strong this year? what are your hopes for bringing home a gold this time around? >> yes, i think that is steadily -- we have a little bit of fire underneath us because of winning the silver medal in beijing. of course, who does not want to win the gold medal? especially me, having the all- around gold, going back, i were to compete in london, that would be at the top of my list to help win a gold medal for team usa. >> your father is her coa
proof of that in big cities like shanghai and beijing. people are making money. chinese officials have moved 300 million people live there -- out of poverty into the middle class. despite recent concerns about inflation, the economy is thriving. china has more billionaires than any country other than the united states. feeding this economic boom is china's educational system. it has been criticized for not fostering independent thinking butted is also graduating hundreds of thousands of top students in science and math. that is why multinational companies like microsoft have established beachheads in china. why do you think the largest r&d campus outside of redman for microsoft is in china? >> talent. the amount of talent to lookout in china. every year, we graduate 6 million people. 1 million are in computer science and electrical engineering. things to do with information technology. it is different from the u.s. the best and brightest students work in engineering tavis: statistics like that -- like that make us uneasy. those footsteps are making for some restless nights in america.
. >> rolling out the red carpet, a color that is appropriate in beijing which had a lavish celebrations to mark the anniversary of the communist party. this is the world's second- biggest economy. that growth has come at a cost. >> who said that communism is dead? the party once led by chairman mao is growing. other communist regimes have collapsed, tied up's has gone from strength to strength. this might look like a relic from the past but the leaders were congratulating themselves. progress, at china's we have come to this basic conclusion, success in china changes. there was no mention of the disaster. tens of millions to died from persecution. and chairman mao is at the center of everything. his body lies in state. a secret of the party's success is the way has adapted, dumping communist economic ideas but keeping strict political control. they are crushing anything that challenges their right to rule. the communist party is presiding over an economic transformation. hundreds of millions have been lifted out of poverty. open just yesterday, the longest sea bridge spanning 26 miles and a bul
-americans. it resulted in some friendly curiosity. that same curiosity greeted andrew ballen when he arrived in beijing a decade cooking. he dropped out of duke a decade ago. today he is carving out a unique niche for himself. >> it is 8:30 in the morning. time for me to see what people eat for breakfast. >> create food and pros parity. there are goal is simple. increase the giant pandas numbers. >> i first met him a year ago and i knew connecting with him was a priority. for the second trip, i wanted to understand why this young african-american man who was on the fast track to the american dream back home would choose this road. we talked about rapid changes taking place in china. the hip-hop scene in china. regan talking about why he -- we began by talking about why he quit law school. >> i felt as though being considered the best black, being looked at as i had been sort of the benefactor or the beneficiary of somebody else's -- it wasn't something i wanted. talking about cornell and what he said about this -- err day of my life seemed to be a meeting with the absurd. i decided i had to go in searc
could be more prepared in beijing which held lavish celebrations to mark the anniversary of the communist party. this is the largest and most powerful political party in the world. this is also the second biggest economy. that growth has come at a cost. >> who said that communism is dead? the party was led by chairman mao. other communist regimes have collapsed, tied up's has gone from strength to strength. these men in suits might look like a relic but the leaders were congratulating themselves. >> looking at the progress, we have naturally come to the conclusion that success in china and changes on the party. >> there was no mention of mao's disaster, tens of millions who died from famine or prosecution. chairman mao is still at the center of everything. his body still lies in state here. the secret of the parti's success has been the way it has adapted dumping, and his economic ideas and the strict political control and crushing anything that threatens the parties' right to rule. the communist party is presiding over a transformation unlike anything that has been seen.
team. we set by women to the beijing olympics -- four women to the beijing olympics, and we have national champions. we have been very successful. now, we are advocating for cycling. commuting, for kids to be able to have a safe way to get to school, more bicycle lanes, a better understanding that there needs to be recognition of the cyclist and -- as a vulnerable user on our roads, and that is starting to change the laws to make that recognition, so we have roads now designed to recognize the fact that people ride bicycles on them and walk on them. transit-oriented villages where people can have the ability to walk, to cycle, get transit. that is what we believe the future looks like. san francisco has embraced that. it is wonderful to see the new bicycle lanes. when we were out today, we felt safe, and we believe that everybody gets on a bicycle, no matter what walk of life, should be able to ride the bicycle and feel safe while they are doing it. let's hear it for san francisco. we love them. [applause] mayor lee: now, we have our board of supervisors. next time we do that, i
Search Results 0 to 49 of about 435 (some duplicates have been removed)